Analyzing DNP Select Income Fund's Ex-Dividend Date

Author: Benzinga Insights | January 27, 2021 10:31am

On December 17, 2020, DNP Select Income Fund (NYSE:DNP) declared a dividend payable on February 10, 2021 to its shareholders. DNP Select Income Fund also announced that shareholders on the company's books on or before January 29, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for DNP Select Income Fund is set for January 28, 2021. The company's current dividend payout sits at $0.07, equating to a dividend yield of 7.5% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

DNP Select Income Fund's Dividend History

Over the past year, DNP Select Income Fund has seen its dividend payouts remain the same and its yields climb upward overall. Last year on October 29, 2020 the company's payout sat at $0.07, which has returned to its value today. DNP Select Income Fund's dividend yield last year was 7.44%, which has since grown by 0.06%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on DNP Select Income Fund's previous dividends.

Posted In: DNP